RichardG
New Member

Business & farm

You should only prepare one Form 1065 for your LLC for the year. As you enter or review the data for your deceased's wife's interest in the LLC, check the box to show she left the company during the year (see screenshot below).  Then add her estate as a new member.  This will create one Form 1065 for the LLC and three K-1 forms, with each member receiving an appropriate share of the company's income and deductions.

View solution in original post